The positive sentiment in the metal index continued on Monday because of better- than-expected Chinese export data. Chinese exports went up 11.5% in March, an increase for the first time in nine months.
Stock market analyst Pallav Agarwal of Antique Stock Broking said Tata Steel and SAIL who own captive iron ore mines, would benefit from higher iron ore prices, but players without captive iron ore like JSW Steel will suffer.
The S&P BSE metal index increased 62.45 points (0.82%) to close at 7,718.57 on April 18 from the previous closing of 7,656.12. The highs and lows on April 18 were 7,732.13 and 7,595.29 respectively.
Global markets such as CAC, DAX and FTSE were trading in the red but the Sensex remained strong. The Sensex increased 189.61 points (0.74%) to close at 25,816.36.
On April 18, most of the stocks on the S&P BSE Metal closed in the green. The maximum gain was registered by NALCO, with the stock increasing 9.71% to close at Rs 45.2.
The maximum loss was registered by NMDC, with the stock decreasing 1.19% to close at Rs 99.8.
Movement of S&P BSE Metal over the last one year:
Price movement of stocks on S&P BSE Metal on April 18:
The Sensex increased 189.61 points (0.74%) to close at 25,816.36.
On April 18, most of the stocks on the S&P BSE Metal closed in the green. The maximum gain was registered by NALCO, with the stock increasing 9.71% to close at Rs 45.2.
The maximum loss was registered by NMDC, with the stock decreasing 1.19% to close at Rs 99.8.
Movement of S&P BSE Metal over the last one year:
Price movement of stocks on S&P BSE Metal on April 18:
Company Name |
Industry |
Last |
Change |
%Chg |
Mkt Cap |
|
|
Price |
|
|
(Rs cr) |
Coal India |
Mining & Minerals |
275.8 |
-1.15 |
-0.42 |
174205.33 |
Hind Zinc |
Metals - Non Ferrous |
168.35 |
2.75 |
1.66 |
71133.25 |
Hindalco |
Aluminium |
97.1 |
0.8 |
0.83 |
20051.01 |
Jindal Steel |
Steel - Sponge Iron |
69.25 |
1.2 |
1.76 |
6335.71 |
JSW Steel |
Steel - Large |
1332.3 |
18.95 |
1.44 |
32204.63 |
NALCO |
Aluminium |
45.2 |
4 |
9.71 |
11649.12 |
NMDC |
Mining & Minerals |
99.8 |
-1.2 |
-1.19 |
39567.87 |
SAIL |
Steel - Large |
44.45 |
0.3 |
0.68 |
18360.18 |
Tata Steel |
Steel - Large |
335 |
2.4 |
0.72 |
32535.72 |
Vedanta |
Mining & Minerals |
97.25 |
3.4 |
3.62 |
28831.65 |